Life Insurance if Single?

The childless, single man has only one reason to carry life insurance.

QUESTION: A listener asks if he should have life insurance since he is single with no kids.

ANSWER: If you’re single with no kids your need for life insurance is very low. All you need to cover is whatever debt you have. That’s the only reason you would need a little bit of life insurance in case of your death. If your employer supplies one or two times your income, that’s all you need as a single without kids.

Still Have Questions?Ask a Local Expert!

Get personalized money advice from a professional Dave trusts in your local area. We only recommend the best!